Horizon Wealth Management LLC Buys 5,599 Shares of iShares S&P 500 Value ETF $IVE

Horizon Wealth Management LLC boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,148 shares of the company’s stock after purchasing an additional 5,599 shares during the period. iShares S&P 500 Value ETF comprises about 2.4% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Horizon Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $16,712,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Flagship Private Wealth LLC raised its stake in shares of iShares S&P 500 Value ETF by 1.1% in the fourth quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after buying an additional 48 shares during the period. Patten & Patten Inc. TN grew its stake in shares of iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after acquiring an additional 48 shares during the period. Bernardo Wealth Planning LLC increased its holdings in iShares S&P 500 Value ETF by 0.5% in the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after acquiring an additional 49 shares in the last quarter. Stegner Investment Associates Inc. increased its holdings in iShares S&P 500 Value ETF by 0.3% in the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock worth $3,457,000 after acquiring an additional 49 shares in the last quarter. Finally, Rossby Financial LCC raised its stake in iShares S&P 500 Value ETF by 6.6% during the 4th quarter. Rossby Financial LCC now owns 807 shares of the company’s stock worth $171,000 after acquiring an additional 50 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $227.78 on Thursday. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $230.05. The firm’s 50 day simple moving average is $225.51 and its two-hundred day simple moving average is $219.27. The company has a market capitalization of $47.81 billion, a P/E ratio of 20.70 and a beta of 0.82.

About iShares S&P 500 Value ETF

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.